As the economic conditions are improving in Europe and the US, the Reserve Bank of Australia released its 68 pages of monetary policy for economic growth in 2013. The forecast has been slightly reduced for the year 2013, anticipating the unemployment rate to increase further.
Treasurer Wayne Swan has come under huge pressure after it has been realized that the mining tax revenue has risen but is still far below the amount predicted for the year by Treasury.
While Treasury had forecasted that the revenue would be touching $2 billion, the same has remained at $126 million only. The amount of the mining tax for its first six months was announced by Mr. Swan the previous day.
China's pollution level may have fallen short of the global demands but the economy has resurged immaculately for the country. The experts had targeted a rise in experts by 17% but results have shown that it has surpassed the target.
According to a recently released report by the state Department of Economic Opportunity, it has been revealed that Florida's unemployment rate has reached at 8%.
It seems that every Friday, yen has to suffer the overnight weakening. This time also, Japanese stocks started with a good rise, but then became a prey to the decline in the yen. But, experts said that the stocks were able to recover and lead despite a drop.
It is not the first time when a debate with regard to whether or not the government will raise the limit of borrowing has taken place. It had happened in 2011 as well when experts started making predictions that whether Congress is going to increase the federal limit or not.